Dubai, June 5th, 2007 (WAM) -- Tejari, the region's leading onlinemarketplace, has signed an agreement with GoldenB2B Hospitality FZ LLC, the leading provider of Supply Chain Management and POS Solutions to jointly develop advanced products and services for the Hospitality and Food Service sector.

Under the agreement, Tejari will combine its expertise in onlineprocurement with Golden B2B's Supply Chain Management and Point of Sale (POS) solutions, to develop a complete procurement offering which will help to make end-to-end procurement, costing and stock management processes more effective and more efficient.

"Procurement plays a critical role in the hospitality sector,and because 70 per cent of hospitality procurement is for F&B, with relatively few suppliers but a lot of purchase orders, it is a very timeand effort consuming process. Golden B2B Hospitality FZ LLC already has a large installed base of customers using its supply chain management and POS solutions, so we believe that by joining this up to Tejari's marketplace capabilities, we can offer a complete end-to-endprocurement solution that will greatly improve procurement processes for hotels and restaurants," said Omar Hijazi, CEO of Tejari.

Golden B2B Hospitality FZ LLC has grown rapidly to become theleader in automation solutions for the hospitality and food services sector, and its current customer base in the Middle East, Europe and Asiaincludes Intercontinental, Rotana, Madinat Jumeirah, Radisson, Movenpick,Swissotels, Maris, Yes, Bavaria, Monarch, Millennium and more recentlyStarwood. Tejari also counts a number of hospitality companies among itsmembers, who are using Tejari for pre-opening procurement, for FFE andOFE, and for normal day-to-day operating procurement.

"Golden B2B's existing portfolio of solutions already helps alarge number of well-known hospitality and food service organizationsto better manage their internal processes. However by linking up withTejari to create a complete purchasing solution, we are confident thatwe will be able to deliver even more effective solutions and considerablecost savings to customers while significantly speeding up their purchasingand related processes," said Dimitris Kontinopoulos, CEO of Golden B2BHospitality FZ LLC.